In keeping with Fox's practice of misleading attacks on government regulations (based on a directive that came from Fox News chief Roger Ailes), Fox Nation today posted a headline that claimed “Obama Regulations Adding $2K to Cost of Cars.”

The Fox Nation post excerpted an article from The Daily Caller, which has a similarly misleading headline. However, The Daily Caller article actually makes it clear that the estimated costs of a proposed rule requiring automakers to nearly double fuel economy standards for vehicles to 54.5 miles per gallon by 2025 would be offset by an estimated hundreds of billions in fuel savings.

The National Highway Traffic Safety Administration's fact sheet on the proposed rule estimates that the price of a new vehicle will increase by $2,000, but consumers receive $5,200 to $6,600 in fuel savings. From the fact sheet:

These proposed standards would have significant savings for consumers at the pump. Higher costs for new vehicle technology will add, on average, about $2000 for consumers who buy a new vehicle in MY 2025. Those consumers who drive their MY 2025 vehicle for its entire lifetime will save, on average, $5200 to $6600 (7 and 3 percent discount rates, respectively) in fuel savings, for a net lifetime savings of $3000 to 4400 -- assuming gasoline prices remain at essentially current levels.